HOW TO BUILD FLEX INDUSTRIAL
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- Опубліковано 6 чер 2024
- Learn the step-by-step process that you need to do industrial flex development, one of the hottest asset classes right now!
00:00 - Introduction
01:20 - Identify your market
03:00 - Ron's advice for new industrial investors
04:40 - Site plan
06:30 - Hard bids
09:00 - Sign contracts
12:00 - Tenants/Improvements
15:30 - Lease Agreement
17:30 - Conclusion
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Excellent video Ron, very well explained!
Excited to speaking at the biggest flex industrial development conference in Houston, Hamza Invests
Top notch
Hi, great video. Wanted to know why is stick build preferred over prefab for most of these flex spaces?
This is really great, Ron. Super detailed and helpful. Looking at building small bay industrial in Alabama.
Glad you enjoyed it!
As always, great content Ron! This definitely covered the different nuances in the entire project and somebody starting new in the space would benefit from watching out for these blind spots. Two ways in which my projects differ significantly are (a) phasing out the development and leasing into 2-3 phases - this helps with financing as well as leasing (b) we almost entirely ignore leasing brokers and instead rely on in-house social media marketing to lease - our tenants are regular small-business owners living within 5 miles of the development and are easily targeted on social media. Lastly, the equity returns are good but definitely not 10X on a project.
Yes, phased development costs more per building, but comes with less risk on lease up and financing. Do you pour slabs at all? Or completely from scratch?
How are you getting financing for ground up development I heard from someone who built a flex space they bought the land and then went to a bank to get a loan worth 2-3x of what the land appraises for and then phase out the project.
@@harrylawarchive Financing is usually local banks. You can get 65% LTC on land/costs. You'll have a draw schedule based on progress.
Just bought some commercial land to start building a flex building! Thank you for your sharing info
Good luck! Keep us updated
@@RonaldRohdeLaw thank you. Researching before I start. I guess I’ll be in the architectural plans process first but still asking researching on how to get a loan lol
@@hilianaperez1383 Will definitely need some space plans, site plan, potential tenants before confirming construction loan
@hilianaperez1383 how's it going with your Flex building investment? I"m looking to buy in South West Florida. Any advice for a newbie investor in flex space is much appreciated.
@@geegonzlz hey, im still in the process. Just finished getting a land survey plat done. Will soon start looking into metal building costa. Next step would be plumbing, electrical and concrete slab. Im a newb too lol. Need money to make money and business has been slow right now so kind of slowing my process. 1st thing i suggest is getting land in a commercial zoned area.
Looking to build in Austin Texas and the surrounding areas. Do you have a consultancy line?
We do consultations! Info@ronaldrohdelaw.com
I’m just a regular guy in the health industry. I’m considering buying 4 acres in Waxahachie an up-and-coming area. Do you think that’s a good idea by and hold? It is commercial.
I think that’s a great market. What do population numbers look like?
When buying 1-2 deals, the location of the property and price paid matter more than the city. 👍
Hello, Great information. I own 40 acres of land on major corridor freeway in an area of heavy trucking business, w/ 14 acres zoned commercial. Im ready to get started with industrial outside storage and flex space buildings. How do I connect with you and the right people . Bob
Hi Bob. Have you checked the use within commercial? Feel free to reach out to me info@ronaldrohdelaw.com
Memphis , Tn
Great market! it has potential for more demand. Any sites in mind yet?
What books and channels you recommend read /watch about industrial real estate?
Highly recommend @industrialize Chad Griffiths, I’ve written a few books on Amazon now. What is your background?
@@RonaldRohdeLaw almost same, I build 40000 sq ft for rent and read 10 books about real industrial estate
👍👍
🤗
Which website lists the flex properties
What do you mean? Was this something I referenced in the video? Or you’re just asking where to find deals?
Thanks for the note. Yeah asking where to get the deals. During the video there was a mention of buying an existing flex space for newbies.
Drive! Look for buildings that are off market. Otherwise, loopnet, brokers-(costar), crexi look for "for lease" listings and see if they will sell@@AnilKumar-gz6yk
Hello Ronald, i'm new to Flex Space business model and been looking to gain knowledge and some type of training. Hamza investments offers a course for 5 K. Thoughts?
I have several clients who work with Hamza. They all said it was a great value!
@@RonaldRohdeLaw ❤️
Closter New Jersey ?
Thanks! Interesting market, as a borough it’s pretty small. Some big manufacturing but your best bet is probably contractor garage.
The vendors who serve the residential population.
@@RonaldRohdeLaw thanks for your reply but not sure what contractor garage is, but I’ll google it thank you kind sir.
Flex warehouse?@@Man-u-flex
Oklahoma
great market, cheaper than Texas!